FDL

  • Region: Latin America
  • Country: Nicaragua
  • Sector: Microfinance
  • Year: 2013
  • Domicile: Nicaragua
  • Instrument: Equity and loan
  • Commitment (MNOK) as of 31.12.2016: 46.9
  • Original Commitment (MNOK): 59.5

Fondo de Desarrollo Local (FDL) began its operations in 1992 as a unit of the research and development department at a local university. In its early years, FDL operated mainly as a second-floor financial institution and in 1997 it restructured as an MFI providing loans directly.   Today, FDL is a strong MFI that has emerged as a leader in the Nicaraguan Microfinance sector. Norfund's investment provides much-needed capital for the institution to continue increasing its customer base and providing more products within the sector and becoming a regulated institution.

 

 

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo